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Tag: The Federal Savings Bank

The Federal Savings Bank to spend $2,158,542.00 to expand into new space in Chicago Illinois.

Chicago, Illinois — According to state and local economic development sources The Federal Savings Bank plans to invest $2,158,542.00 to build out new space in Chicago. The company plans to occupy the new space at 4000…

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Polymarket, the world’s largest prediction market, announced today that it has raised $70 Million of new capital across two unannounced rounds: a $45 Million Series-B led by Founders Fund and existing investors 1confirmation and ParaFi, with participation from Ethereum founder Vitalik Buterin, Dragonfly and Eventbrite’s co-founder Kevin Hartz, as well as a $25 Million Series-A led by General Catalyst, with participation from Airbnb’s Joe Gebbia, Polychain and other leading investors.

On Polymarket, traders predict the outcome of future events and earn when they are right. Traders react to breaking news in real time and market prices convey the likelihood of important events. Market forecasts span politics, current events, pop culture and more. Trading is unavailable in the United States and other restricted jurisdictions, while market forecasts are available freely worldwide. “I started Polymarket because I believe that market-based forecasts will inevitably become an integral part of how we follow news and find truth on the internet,” Polymarket’s founder Shayne Coplan said. “It has been humbling to see that vision begin to materialize at scale – with so many people relying on Polymarket when following important current events.” Polymarket is the world’s largest prediction market. On Polymarket, traders predict the outcome of future events and win when they are right. Traders react to breaking news in real time and market prices convey the likelihood of important events. Institutions, individuals and the media rely on these forecasts to report the news and better understand the future. Across politics, current events, pop culture and more, a record $202m worth of predictions have been made so far on Polymarket in 2024.

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Pepper, the most trusted technology partner for the food distribution sector, is thrilled to announce the successful closure of a $30 million Series B funding round. This significant investment was led by ICONIQ Growth, with continued participation from existing partners at Index Ventures, Greylock, Imaginary, and Harmony Partners. In conjunction with the funding, Richa Mehta, Principal at ICONIQ Growth, will be joining Pepper’s board of directors. This round of funding marks a pivotal moment for Pepper as it solidifies its position as the most trusted and transparent technology partner to independent foodservice distributors.

“The tremendous support from ICONIQ Growth and our existing investors not only validates our vision but also reinforces our position as the most trusted and transparent technology partner in the foodservice distribution industry,” said Bowie Cheung, CEO and cofounder of Pepper. “This funding will enable us to accelerate our roadmap, focusing on innovative solutions that meet the evolving needs of our customers and strengthen their operations.” The newly secured funds will be directed towards advancing product innovation in several key areas, such as the core eCommerce experience, CRM tools, generative AI, rich product content, and analytics to support Pepper’s growing ads network. Pepper is an eCommerce platform designed to be the growth engine for independent distributors. The platform delivers a best-in-class shopping experience for food service, convenience stores, and other marketplaces. Pepper offers a suite of AI powered tools for the distributor sales rep and customers to grow market share.

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